Farrell has signed on to play Marty, a screenwriter with writer's block, who finds the inspiration he needs when his loopy friends (Rockwell and Walken -- I can't wait to see those two paired together) bring him into a dog-napping scheme involving a high-rolling gangster.

"In Bruges" co-producers Graham Broadbent and Peter Czernin will team with Tessa Ross ("Submarine") to produce.

CBS Films is in talks to co-finance and distribute the film in the US. It will shoot in Los Angeles this Fall.

Playwright-turned-filmmaker McDonagh was nominated for an Oscar for his "In Bruges" script.

Dave Lewis has been a Los Angeles-based entertainment writer and editor for nearly ten years. Originally hailing from Minneapolis, he moved to L.A. in 1996 to attend USC, before working for various periodicals and web sites including a lengthy stint at Variety.com. He joined the HitFix staff in 2011.